Defender Capital LLC. Takes $360,000 Position in Omnicom Group Inc. $OMC

Defender Capital LLC. acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,000 shares of the business services provider’s stock, valued at approximately $360,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new stake in shares of Omnicom Group during the 1st quarter valued at $34,000. Ameritas Advisory Services LLC bought a new stake in shares of Omnicom Group during the 2nd quarter valued at $34,000. Gen Wealth Partners Inc purchased a new position in Omnicom Group during the first quarter valued at $36,000. Golden State Wealth Management LLC grew its stake in Omnicom Group by 230.2% during the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 343 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in Omnicom Group during the first quarter valued at $43,000. 91.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OMC. Barclays cut shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Bank of America raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a research note on Monday, June 23rd. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Finally, Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.29.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $76.62 on Tuesday. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00. The stock has a market capitalization of $14.84 billion, a P/E ratio of 10.99, a PEG ratio of 1.49 and a beta of 0.96. The firm has a fifty day simple moving average of $76.97 and a two-hundred day simple moving average of $74.92. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.03. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.95 billion. During the same period last year, the company posted $1.95 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, September 2nd. Omnicom Group’s dividend payout ratio is presently 40.17%.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.